The Financial Services and General Government bill proposes to drastically cut funding to the SEC and other government agencies.

Besides being short on crypto specialists, the SEC OIG noted a litany of problems that are already familiar — lack of legislative clarity, lack of interagency coordination, etc.

It’s not expected to come into force until 2025, but new publications from the FCA and BOE shed light on regulators’ thinking.

Bankman-Fried’s crimes each carry a maximum sentence of five to 20 years in prison.

Despite regulatory clarity, Hong Kong has failed to pick up the pace regarding futures-based cryptocurrency ETFs so far.

The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.

The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September.

The new CFTC proposal enhances rules for futures commission merchants and derivative clearing organizations, mandating high liquidity in customer fund investments.

Attorneys representing the alleged fraudster, Avraham Eisenberg, convinced the judge that more time was needed to sift through discovery materials submitted by U.S. prosecutors.

Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.